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General Ledger (GL): Definition, Significance, Implementation

Nanonets

Welcome to our latest blog post, where we embark on a deep dive into the intricacies of the General Ledger (GL) — the bedrock of any business's financial system. We will start with the basics: What exactly is a General Ledger, and why is it paramount to your business's financial health?

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How Excel Helped Win (Steal?) the World Series

Cloud Accounting Podcast

Chase's WePay could turn into a general ledger app; the MyPayroll HR bank gets sued; AICPA CEO Melancon says CPA licensing is under threat, but is it, really? Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus , and NOW, you can see our smiling faces on Instagram ! Meet Blake and David in person!

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ERP Integration: How ERP Systems & AP Automation Tools Work Together

MineralTree

This is because ERPs function as the business’ system of record and store information regarding sales, the general ledger, accounts receivable, accounts payable, and forecasting. At MineralTree, we have API integration capabilities with Xero, QuickBooks , Great Plains , Sage Intacct , Oracle EBS , and Netsuite Oracle.

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Credit Card Reconciliation: What It is and How to Do It?

Nanonets

Billion in 2020 only for North American regions. The process of credit card reconciliation may be integrated into the software you use for accounting, as it is in QuickBooks; however, it is also possible that you will need an additional tool like accounting automation software to assist you with this process.

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Chart of Accounts – How to Get Organized & Efficient

AvidXchange

Chart of Accounts 101 A chart of accounts (COA) is a list of all accounts—including asset, liability, expense, revenue, and equity—that are included in a business’s general ledger. Alternatively, you could press “CTRL+A” on your keyboard while using QuickBooks. You can learn more about our QuickBooks integration here.

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What is Invoice Processing?

Nanonets

The accounts payable invoice processing personnel record the invoice in ledgers with an identifying code (the General Ledger or GL code).   For example, the Covid-19 pandemic reportedly increased the incidence of invoice fraud in 2020. This is especially true during times of crisis.  

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Controller's Code: The Secret Formula to a Successful Career in Finance

Cloud Accounting Podcast

Then, to the right of that number, you're gonna type in either TB or GL, for trial balance or for general ledger. I always thought that, when I was at Intuit, with QuickBooks engineers. I think 2020 and 2021 is a really big year for all of our collective spaces in the cloud-accounting and finance area.